|18.05.12 - DB Schenker & Siemens Warehousing Agreement|
Siemens and DB Schenker Logistics agree on a frame agreement for warehousing
Siemens and DB Schenker agreed on a frame agreement for warehousing to enable the business relationship of the two partners within contract logistics at a global level.
(Berlin/Essen, 7 May 2012) Siemens is reorganising its warehousing set-up worldwide. The target is a high quality, flexible and cost efficient warehousing network. Siemens’ aim is to focus in the future on a fewer number of preferred suppliers, with whom the basic conditions for warehousing have been previously agreed. DB Schenker is the first Contract Logistics provider to sign a master frame agreement with Siemens.
The global frame agreement covers a set of terms and conditions and will be effective for all Siemens business units globally. Initiation and closing of new contract logistics business will be handled under these defined conditions and will support the complete process. This contractual basis should enable faster and easier commercial negotiations and discussions of conditions as Siemens endeavor to optimise their global network.
Robert Walpole, Senior Vice President for Contract Logistics, DB Schenker, says, "This is a significant step in the development of our relationship and business basis. The Global Frame Agreement represents a clear commitment from both parties to work even more closely at a global level. This will allow us to provide more customer-focused solutions for the Siemens Warehousing Network.”
Issued by: Deutsche Bahn AG